Adam Walker
Allowing Someone to use my rental property as a short term / Medium Term Rental
20 June 2024 | 16 replies
A standard rental policy will not cover short term activity and make sure the insurance company is ok with the sublet/arbitrage arrangement.
Michael Dallas
Tenants upset about utilities
18 June 2024 | 7 replies
The tenants will be responsible for arranging and paying all utility services required on the premises.” not very detailed I know I wish I would’ve done better but that’s what it says
James Blair
Private Lending - Delayed Interest Options
17 June 2024 | 7 replies
This arrangement has worked well for both of us.However, we now have several projects that will be running concurrently, and the builder is facing cash flow challenges with making the monthly interest payments.
Derek Fortin
Help with ethical deals
17 June 2024 | 12 replies
Please help There is no abligation with the agent and the seller after the contract expires, however if the agent can prove that it was an arrangement not to pay his or her commission there might be a legal case there.
Ben S.
New tenants want unit tested for meth drugs
18 June 2024 | 31 replies
However, if they want to pay out of their own pocket you can arrange for a third party company after they pay that company's fee so that you can again control the narrative and not have them use some shady company.
Garrett Bowser
How much should a GC charge to pull permits and show up for inspections (as needed)?
15 June 2024 | 2 replies
(My company has it’s general liability insurance, of course.)So, this is a temporary arrangement, at least for now.He will charge a fee to pull permits and to do periodic inspections to make sure my subcontractors are doing quality work but I will be project managing the entire job and handling all components of the renovation from design, floor plans, estimating, purchasing, hiring and overseeing the subcontractors, etc.The general contractor and I are regrouping next week to discuss what he would like to charge and I just want to get some feedback from you experts before we meet.
Blaise Peterson
This doesn’t make sense.
14 June 2024 | 17 replies
The manager said this isn’t allowed and that she would need to terminate the management agreement before it’s listed.I’ve sold a fair number of properties that are professionally managed and it’s always been a cooperative arrangement between the PMand my agent.Can someone please help me understand what’s going on?
Jason Cook
Can you be a Part-Time Real Estate Agent?
18 June 2024 | 26 replies
This happens to busy full-time agents as well, and the usual arrangement is that you must compensate the other agent for their assistance.
Brennan Tolman
Equity Partnership vs Private Lending?
15 June 2024 | 5 replies
Property Summary:List Price: $230,000Estimated Monthly Gross Rental Income*: $3,400Estimated Monthly Operating Expenses**: $1,500Net Cash Flow: $1,919I have a business partner who may be interested in either a private lending of full equity arrangement, and I want to be sure that the deal is beneficial to him.
Brenda B.
Does my silent partners needs to be in my LLC
14 June 2024 | 13 replies
@Brenda B. you should really have an attorney prepare a multi-member LLC Operating Agreement (OA) and run the idea(s) you have on financial arrangements by a qualified accounting professional.